Rocky Mountain Power’s 29.2% rate increase would be a major blow to the state’s economy and possibly force legislative action, a lawmaker said.
Rocky Mountain Power’s proposal to hike electric utility rates in Wyoming by an average of 29.2%, if approved, would put households and businesses in peril and only serve to line the pockets of the company’s shareholders and executives, which includes its parent company PacifiCorp’s owner, billionaire Warren Buffett.
That was the consensus among about two dozen people who spoke at a public comment hearing held by the Wyoming Public Service Commission Thursday in Casper.
“We’re going to lose a lot of businesses in the state when we start raising those costs,” Natrona County Commission Vice Chai...
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